Price Limits in a Tradable Performance Standard

Price Limits in a Tradable Performance Standard

In this paper, researchers develop a simple analytical model to derive the welfare comparison between tradable performance standards and a price-based alternative.

Working Paper (21-05) by Banban Wang, William Pizer, and Clayton Munnings — 5 minute read — Feb. 18, 2021

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Authors

Banban Wang

School of Economics, Huazhong University of Science and Technology

William A. Pizer

University Fellow

Clayton Munnings

Energy and Resources Group, University of California Berkeley; Founder and Principal, Munnings Consulting LLC.